Louisiana Revised Statutes 40:600.104 – Accounts and audits
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 40:600.104
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. Subject to the provisions of any contract with the holders of its bonds, the corporation shall establish a system of accounts.
B. The legislative auditor shall prepare an annual audit of the accounts and operations of the corporation.
C. The corporation shall submit to the governor and to both houses of the legislature an annual report on the operations of the corporation. It also shall submit to them a copy of the report of every audit of the books and accounts of the corporation, within sixty days from the receipt thereof by the corporation.
Acts 2011, No. 408, §1, eff. July 5, 2011.